dear sirs ,
Plz suggest me the accounting treatment of defferment of sales tax , since there is a opening balance of DFT SALES TAX IN Balance sheet & in current year , concern has paid the tax out of it , how to adjust the balance ? if expensed in P&L , WHAT IS THE ENTRY ?

A Co has been depreciating its assets on WDV. However, depreciation rates used are different from those prescribed under Companies Act
If the Co adopts in the current year depreciation rates prescribed under Companies Act, keeping the method of depreciation as WDV, what disclosures are required as per Accounting Standards???

Hello Sir,
Employee Name: Kevin
Company Name: Leadkarma
Example:
Kevin pay $400 to company for his health insurance payment. Which entry made in companies books.

Company received $400 from employee & $100 contribution added by company & pay $500 to Insurance Co. Which Entry I made in Companies book account.3

Plese provide your feedback for above on my mail id: rathodkamlesh2@ymail.com

Thanks
Kamlesh Rathod

We have sold some part of CWIP Excess material procured for building ( say Steel )value is not a nehligible value )
what is the treatment od this sale.
& pls explain what are all the disclosure requirment

regds
Satheesh

How is "Advance received from customer" to be disclosed in the Financial Statements of a Company as per Sch VI to the Companies Act?

i want to ask that if a pvt ltd company is involved in construction of buildings n appartments after purchasing lands.....so the cost when recognised for the year will be including the whole cost paid for land or proportionately to the % of work completed what is the general practice....???urgent

In our creditors books our a/c is debited (means on debit side of our ledger in our creditors books)with rate difference of rs. 3600 when we pass foll entry then only we get our creditors ledger a/c tallied in our books with the one provided by them
entry:::
Rate Difference a/c dr 3600
to creditor a/c 3600

can u plz tell me why so
cant we pass other entry and tally and only this entry tallies it
rate difference in above case is our exp or income

Hellow,
In the case of proprietor Invst in MF has been showing overvaluation for last 3 years and I want to rectify same this year.
How shall I proceed,
1)Shall show it as a loss is there any problem?
2) Shall I debit it proprietors capital account?
3) Pls guide me if any other method which is safer for the client.

please explain me how to calculate fd interest on non-cumulative and cumulative fixed deposit. please explain accrued interest concept with journal entries and what will be the accounting treatment in current year and in the next year ? what will be the entry of accrued interest in the next year?

If we purchase a machinery and cst is charged toi it then wat entry is passed.
and
is cst niled by passing a reverse entry
also
cst account is crested under wat head